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I just started trading options this year to be able to use your system.  Very happy with the results so far.  Still a mystery to me what strike price you decide to pick.  I have only been buying one option for each signal until I make sure I know how to enter and exit the trades.  With my job, I also may not be able to execute the option trades after the market closes but that's manageable.  Thank you very much.

Matt, I would like to

Wednesday's Newsletter

Posted by chapgolf on 9th of Jan 2020 at 08:58 am

Matt, I would like to use the 2 hour chart with the dynamic stop to trade SSO.  What is the signal to go long, the ATR flipping from magenta to cyan?  Since we only see the chart on the nightly newsletter, it would be done next day or is this one of the systems you are still working out before making it available intra day?  If you have already explained this I apologize for not paying close attention.  Love the systems approach as it puts my emotions in the back seat.

I see, thank you.

So using the 2 hour chart on SPY, place stop just under $312.81 for the etf.  The daily would be down closer to $307.13.  That is if we want to keep our position.

Matt, you have mentioned MAIN

Posted by chapgolf on 7th of Dec 2019 at 09:54 am

Matt, you have mentioned MAIN as a dividend play.  I was wondering if you could comment on the chart? Been consolidating lately.  Thank you.

We appreciate it greatly!

Matt, in order to trade

SPY System Trade List

Posted by chapgolf on 29th of Nov 2019 at 11:05 am

Matt, in order to trade the upcoming system, I want to make sure I have the accounts needed.  I have a stock and  futures account at TradeStation.  I need to open an options account as well.  I know many option traders prefer Think or Swim for options but since the only option trading I will be doing is the SPY system, would TradeStation be a good platform to use as well?  I am trying to keep it as simple as possible by having all my trading accounts under TS.  If I am trading the options, I suppose using the etf''s can be reserved for my 401k since I cannot trade options in my 401k and just use options for my regular trading accounts?

Matt, do you put a stop on the ES positions?  

$Silver Quarterly: Stefano Bottaioli posted

Posted by chapgolf on 3rd of Nov 2019 at 08:14 am

$Silver Quarterly: Stefano Bottaioli posted a similar chart on Twitter, third bullish signal in the last 45 years. First leg up in the 90's was 103.4%, second one which started in 2003 was 1012.4%.

That amazing Matt, I have been trying to figure out good position sizes for the SPY system.  So if I understand you correctly, the allocations are not the same into SPY, SSO, UPRO.  First trade, with the 100k example, would be $2K(SPY), second $4K(SSO), and third $6K(UPRO)?  Occasionally with a fourth position you would add another $6K into UPRO.  Am I understanding you correctly?

Okay, I've got it, thank you.  I guess my confusion is that the McClellan oscillator is for the Nasdaq but you use it to trade the $SPX?  I suppose I don't know enough about the McClellan oscillator.  Something else to learn.  Thanks again.

stevieb294, would it be possible to get the URL for this chart with the 3EMA and the $SPX?  I like the simplicity and believe it could help me with trading the SPY.  Thanks much.

FCX monthly

Posted by chapgolf on 23rd of Oct 2019 at 11:15 am

FCX monthly

That works well Matt.  I

NUGT cycle example

Posted by chapgolf on 17th of Oct 2019 at 11:28 am

That works well Matt.  I have a trade station account but don't see the cycle indicator you are talking about.  Is that something you created or is it something we can purchase from TS?

Very interesting Matt.  If you see the same system setup using weekly or daily charts, would love to see that too.


Posted by chapgolf on 15th of Oct 2019 at 11:04 am


Thank you!

...and one of my favs.

Posted by chapgolf on 14th of Oct 2019 at 09:42 am

Thank you!

That would be great Matt,

BPSPX flipped back

Posted by chapgolf on 13th of Oct 2019 at 01:37 pm

That would be great Matt, thanks.

WBA first pinch on Daily

Posted by chapgolf on 12th of Oct 2019 at 03:16 pm

WBA first pinch on Daily

Thanks for highlighting this Matt.

BPSPX flipped back

Posted by chapgolf on 12th of Oct 2019 at 08:52 am

Thanks for highlighting this Matt.  The MACD has not crossed up yet.  My plan waits for MACD confirmation but I suppose a partial position with the flip could be done with small risk.


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